Excess tax paid
Sarmistha Mishra (CA article) (36 Points)
28 November 2013Sarmistha Mishra (CA article) (36 Points)
28 November 2013
CA SHRAVANA DOTA
(ACA)
(125 Points)
Replied 28 November 2013
Dear Sarmishta, if valid invoice for input service is received after payment of tax, avail the credit in the return but do not utilize the same. You may carry forward the CENVAT Credit in current return and the same can be utilized in subsequent return/s. There is no time limit prescribed for availing and utilizing the credit.
CA PRIYUL SHAH
(JOB)
(901 Points)
Replied 29 November 2013
You can utilize your CENVAT credit against service tax liability of next quarter. If CENVAT credit pertain to same period than you should revise return because balance of CENVAT will be mismatched in next quarter.